Callan Family Office LLC Grows Stake in HP Inc. $HPQ

Callan Family Office LLC lifted its position in HP Inc. (NYSE:HPQ - Free Report) by 226.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 143,085 shares of the computer maker's stock after buying an additional 99,279 shares during the period. Callan Family Office LLC's holdings in HP were worth $3,500,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Invesco Ltd. boosted its stake in shares of HP by 19.2% in the 1st quarter. Invesco Ltd. now owns 11,340,629 shares of the computer maker's stock worth $314,022,000 after buying an additional 1,829,411 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in HP by 7.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 10,013,184 shares of the computer maker's stock valued at $277,265,000 after purchasing an additional 724,020 shares in the last quarter. Deutsche Bank AG lifted its position in HP by 2.4% during the first quarter. Deutsche Bank AG now owns 8,241,378 shares of the computer maker's stock valued at $228,204,000 after purchasing an additional 189,969 shares in the last quarter. Nuveen LLC purchased a new position in HP during the first quarter valued at $179,037,000. Finally, American Century Companies Inc. lifted its position in HP by 7.4% during the first quarter. American Century Companies Inc. now owns 5,308,991 shares of the computer maker's stock valued at $147,006,000 after purchasing an additional 367,418 shares in the last quarter. 77.53% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Enrique Lores sold 34,282 shares of HP stock in a transaction dated Monday, September 29th. The stock was sold at an average price of $26.85, for a total value of $920,471.70. Following the sale, the chief executive officer directly owned 3 shares of the company's stock, valued at approximately $80.55. The trade was a 99.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.38% of the company's stock.

HP Stock Down 5.2%

Shares of HP stock opened at $25.57 on Friday. The stock's 50-day simple moving average is $27.29 and its 200-day simple moving average is $26.12. HP Inc. has a 52 week low of $21.21 and a 52 week high of $39.79. The company has a market capitalization of $23.90 billion, a price-to-earnings ratio of 9.33, a PEG ratio of 2.17 and a beta of 1.29.

HP (NYSE:HPQ - Get Free Report) last announced its quarterly earnings data on Wednesday, August 27th. The computer maker reported $0.75 EPS for the quarter, meeting the consensus estimate of $0.75. HP had a negative return on equity of 262.03% and a net margin of 4.83%.The business had revenue of $13.93 billion for the quarter, compared to the consensus estimate of $13.69 billion. During the same period in the previous year, the business earned $0.83 earnings per share. The business's revenue was up 3.1% on a year-over-year basis. HP has set its Q4 2025 guidance at 0.870-0.97 EPS. On average, equities analysts expect that HP Inc. will post 3.56 earnings per share for the current year.

Analyst Ratings Changes

Several research firms recently weighed in on HPQ. Barclays lowered their target price on HP from $28.00 to $27.00 and set an "equal weight" rating on the stock in a research report on Thursday, August 28th. JPMorgan Chase & Co. lifted their target price on HP from $27.00 to $30.00 and gave the company an "overweight" rating in a research report on Thursday, August 28th. Sanford C. Bernstein began coverage on HP in a research report on Monday, September 15th. They set a "market perform" rating and a $30.00 target price on the stock. UBS Group lifted their target price on HP from $26.00 to $29.00 and gave the company a "neutral" rating in a research report on Thursday, August 28th. Finally, Zacks Research upgraded HP from a "strong sell" rating to a "hold" rating in a research report on Tuesday, August 19th. One research analyst has rated the stock with a Buy rating, fifteen have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $29.38.

About HP

HP Inc provides products, technologies, software, solutions, and services to individual consumers, small- and medium-sized businesses, and large enterprises, including customers in the government, health, and education sectors worldwide. It operates through Personal Systems and Printing segments. The Personal Systems segment offers commercial personal computers (PCs), consumer PCs, workstations, thin clients, commercial tablets and mobility devices, retail point-of-sale systems, displays and other related accessories, software, support, and services for the commercial and consumer markets.

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